Meet FUSION- A Decentralized Blockchain That will Revolutionalize the Internet of Value and Create a New Era Of Cryptofinance

donnest (63)in #cryptocurrency • 6 years ago (edited)

The finance sector is one area that sensitivity is really important, maybe due to the fact that humans work hard to get these funds, which might be in the form of hard currency or digital money.
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I happen to be the financial secretary for my college association way back in school and I can frankly tell you that, handling funds require every form of carefulness, honesty and fairness

I became really worried because these people were constantly on my neck; the pressure for accountability was high. Humans really have trust issues, so even when I was constantly presenting my account statements, they were also having some level of doubts over my credibility and honesty. How frustrating!!!!!!

PROBLEMS ASSOCIATED WITH ALREADY KNOWN FINANCING SYSTEM

LACK OF TRUST: Just as I mentioned above, the biggest issue seen in the financial market is TRUST, I believe this is due to the fact that human minds have evolved over time and the level of being skeptical about issues is bound to exist.

Individuals that are the helm of finance are constantly being downplayed psychology; most of them are regarded as thieves, even in the face innocence.

Even banks are not left out of these trust issues, customers feel they are shortchanged of their money. This ill-fated concept has sent a very bad feeling to the finance system.

Because the human mind is a black box, the asymmetry of information between any two people or any two social organizations (including nations) will inevitably jeopardize each other. And because of the inherent lack of trust between black boxes of minds, the cost of the traditional market economy, due to trust, is high.

PROBLEM OF CLASS:

A huge portion of the resources available are owned by a certain class. Wealth should be decentralized, where people, organizations should handle a certain volume. But this is not the case as a greater amount of resources are held by ELITES.

Finally, there is single point of failure. Since a large amount of resources including power, capital, talents and data have been monopolized by a few agencies, once they have renegaded or been hacked, the consequences will be disastrous.

The centralized finance system even though it has contributed greatly to our development and existence as humans cannot completely achieve a high degree of civilization, this lays bare its flaw and inadequacy.

Due to the trust issues and the abuse of resources I highlighted above, it is completely impossible to achieve a high degree of acceptability and globalization.

The issue of trust needs to be solved if we want to move forward in the finance market, but how can we solve this problem? I am excited to say that the blockchain technology presents an indispensable tool towards achieving that degree of civilization, faith and hope we have ever wished for in the finance market.

The very wonderful features of blockchain which decentralization is a core area presents a hope of eradicating these issues ahead.

It can be said that, for the first time in human history, the blockchain has given the human core issue, the problem of trust, a complete solution, that is, to deliver trust to communities and codes and establish various large distributed ledgers through various consensus mechanisms to solve possible conflicts in various human cooperation.

Old technologies have given so much to productivity and output neglecting the desire transformation needed in our world. The blockchain technology is changing the way people interact and cooperate, this will certainly create a new social system, a beautiful world based and instituted on the BLOCKCHAIN.

But the blockchain is only but a system, it needs a blueprint, a platform, a stage to achieve this civilization. i humbly present to you FUSION

INTRODUCING FUSION

DESIGN AND ULTIMATE GOAL OF FUSION

It is important we reiterate the goal of FUSION so as not to have confusions or misconceptions.

The basic goal of this blockchain technology is to develop a platform that can be able to effectively run the crptofinancial applications and also make possible for other tokens to freely interact through smart contracts and finally achieve value interoperability.

To that end, here are various systemsand technicalities that have been incorporated to get the desired result. All these could be summarized as

SECURITY, RELIABILITY, EFFICIENCY.

Here are some of the technicalities

Specifically, the following technical requirements are included:
(1) System functions
• Function of multi-token interaction.
• Expression of the relationship between tokens, financial functions and triggering
conditions, and the programmability of encrypted financial applications and
contents.
• The ability to complete financial contracts or transactions by multiple types of
triggers.
(2) System characteristics
• Security of token asset.
• System’s robustness.
• The efficiency of the application’s response and processing.
• The technology of shielding underlying blockchain in the development of cryptofinancial
applications and simplifying the development of cryptofinance applications.
(3) Large-scale applications
• To meet the needs of large-scale cryptofinance applications.
• To maintain reasonable energy efficiency when the system reaches a large scale.
• To keep the block size and blockchain data storage scale within a reasonable
Range.
• To be able to maintain the computing power of the node within a reasonable
range as the system scales in size and application.
Source

BENEFITS OF THE FUSION SYSTEM THROUGH ITS CROSS-CHAIN CONCEPT

LOW COST

The blockchain is already a cheap and easy access platform when compared to our traditional means of finance.
People usually don’t like spending resources and all that, so this will change the orientation of many and increase participants thereafter.

INCLUSIVENESS

Fusion seeks to incorporate all crypto currencies that exist together and also for ones to come up in the future. It is making plans for generations born and unborn.
Not just that, it also would connect decentralized and centralized organizations, balancing anonymity and finally integrating off and on-chain data

INTEROPERABILITY

The ability to exchange information between one or two blockchain technologies have been made possible by fusion. Just like the word fusion, it fuses more than one together. A synergistic relationship on the blockchain is valuable and now imminent.

Various tools have been put into place to make this possible. I believe a situation where a customer can easily incorporate tokens from other blockchain exists, thereby increasing customer experience. Also the issue of fragmentation has been solved.

RECONSTRUCTIVENESS

FUSION is reconstructive. It redefines the way in which values are transferred and the relationships between participants. It is able to support all sorts of financial services in a unique way, which makes values flow in a more efficient and fundamentally-changed manner.

Because of this new method of value transfer and transaction flow, we anticipate certain existing financial products to be rendered irrelevant in the future.

INDEPENDENCE

The FUSION system is unapologetic about its independent, it is clearly free from third party interference as can be seen in most traditional finance system. This has greatly increased the level of trust by users. Since no human to human interaction exists

EFFICIENCY

FUSION is a highly efficient system, this is made possible by the The Hierarchical Hybrid Consensus Mechanism (HHCM). The HHCM takes advantages of both POW and POS to group nodes and achieve balance of efficiency

MEET THE TEAM

FUSION TOKENS

Fusion team has created Fusion Tokens (FNS) which integrates cryptoassets mapping and transaction logging systems fr chain tokens

Token distribution is expected to commence Mid-June, according to the Fusion Road Map.

SUMMARY

FUSION seeks to decentralize the financial sector, creating a new era of Decentralized cryptofinance ecosystems.

With the internet of Values, Fusion would remove the bottlenecks involved in the financial ecosystem.

The interoperability, scalability and efficient blockchain which fusion team has built would revolutionalize both the blockchain industry and the world at large.

Fusion team is led by a well experienced Engineer who have built several Decentralized systems and have been successful in a number of them.

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